Market Share of Israel Cybersecurity Industry
The Israeli cybersecurity market is highly fragmented, with intense competition among service providers. The market comprises several unicorns, multinational players, and start-ups with many new entrants. The strong and highly dynamic market witnesses several strategic moves by these players and secures a substantial market share. The companies partner with others to extend their product and service portfolio and opt for strategic acquisitions for the required benefits.
In October 2022, Radiflow Ltd partnered with Cisco Systems Inc. to integrate Radiflow's Intrusion Detection System (IDS) with Cisco's Network Access Control (NAC) solutions to mitigate attack risks. The partnership resulted from a specific customer request to protect a building management system in a critical financial facility, which addressed the broader security challenges of industrial networks.
In February 2022, Radware Ltd announced a strategic initiative to accelerate the growth of its cloud security services business by acquiring SecurityDAM, its DDoS scrubbing centers provider. Such actions reflect the company's commitment to providing customers with high cyber security services and protection.
Israel Cybersecurity Market Leaders
-
IBM Corporation
-
Cisco Systems Inc.
-
Radware Ltd.
-
Check Point Software Technologies Ltd
-
CyberArk Software Ltd.
*Disclaimer: Major Players sorted in no particular order
